The poor cousin no more...

pensions

It's not often that you will see the word 'pioneer' written alongside 'institutional investing' but there is a growing trend that warrants this accolade and the imagery it conjures up.The trend is a move towards the exotic as professional investors increasingly turn to alternative investments in an attempt to diversify their portfolios and reduce risk.the yale modelOne of the early pioneers of this - David Swensen, chief investment officer at Yale University - has spent the last 20 years tur